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Stock Market & Financial Investment News

News Breaks
October 4, 2012
08:08 EDTAPPAmerican Apparel reports preliminary September sales up 10%
American Apparel announced preliminary total net sales for the month ended September 30 increased 10% to $51.1M when compared to the month ended September 30, 2011. Between the same periods, comparable retail and online sales on a preliminary basis increased an estimated 15% and wholesale net sales increased an estimated 1%. For the quarter ended September 30, total net sales increased an estimated 15% to $162.6M.
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January 23, 2015
09:10 EDTAPPAmerican Apparel rumored to prepare to accept $1.30 per share bid, FT blog says
American Apparel, which previously rejected a $1.40 per share takeover bid as too low, appears to have had a "rethink" and it "appears that $1.30 is just right now" and "a deal is just about done," according to posts in a Financial Times Alphaville Markets Live chat. The chat cautioned that the comments are "market chatter information that has not been formally tested through traditional journalistic channels." Reference Link

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